Environmental finance is a burgeoning field, and innovation is taking place at a feverish pace. Critical topics include the impact of environmental legislation on the financial sector, emissions trading, environmental fund management, weather derivatives, alternative risk transfer and catastrophe bonds, financing and the environment, and the evolution of environmental policy-making in the financial sector and in the corporate treasury The result? A growing number of financial institutions, insurance companies and exchanges are launching investment and risk-transfer products linked to climatic and environmental conditions. The weather derivatives market is now $7 billion in size. Environmental financial products to trade and manage the risk associated with CO2 and SO2 and nitrogen oxide emissions are bought and sold. And catastrophe bonds have created markets to trade and hedge risk to environmental and weather changes. Environmental Finance is an engaging and comprehensive book on how financial innovation and the environment are crossing paths.
Book Details:
- Author: Sonia Labatt
- ISBN: 9780470239148
- Year Published: 2002
- Pages: 384
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Environmental finance is a burgeoning field, and innovation is taking place at a feverish pace. Critical topics include the impact of environmental legislation on the financial sector, emissions trading, environmental fund management, weather derivatives, alternative risk transfer and catastrophe bonds, financing and the environment, and the evolution of environmental policy-making in the financial sector and in the corporate treasury The result? A growing number of financial institutions, insurance companies and exchanges are launching investment and risk-transfer products linked to climatic and environmental conditions. The weather derivatives market is now $7 billion in size. Environmental financial products to trade and manage the risk associated with CO2 and SO2 and nitrogen oxide emissions are bought and sold. And catastrophe bonds have created markets to trade and hedge risk to environmental and weather changes. Environmental Finance is an engaging and comprehensive book on how financial innovation and the environment are crossing paths.
National and international laws on air, land and water pollution are getting more stringent and penalties ever more severe. Public opinion against corporate “polluters” is encouraging companies to present themselves and their products as ‘environmentally friendly’. As a result, environmental risk is also reshaping the way the banks lend and insurance companies underwrite to corporate clients. Banks and insurance companies are also developing new environmental financial products to help their corporate customers protect their bottom lines against changes in environmental legislation and the impact of adverse weather and climate change. These products include tradable pollution permits, weather derivatives, and catastrophe bonds. Market-based solutions to environmental problems continue to grow. Environmental Finance covers this emerging field in finance an engaging and comprehensive manner for financial services professionals and corporate executives.
* The first complete guide on environmental finance and financial products. * Provides a look at new, environmentally-focused investment and risk-transfer products offered by financial service companies. * Discusses how financial innovation and the environment are crossing paths.
About the Author
SONIA LABATT is an associate faculty member at the Institute of Environmental Studies (IES), University of Toronto. She is actively engaged with the financial services world as an investor, and the academic world of environmental finance through a graduate-level course that she has developed and taught since 1996, “Corporate Perspectives on the Environment.” RODNEY R. WHITE is Director of the Institute for Environmental Studies (IES), University of Toronto. His experience includes environmental consulting work for clients such as the World Bank, UNESCO, the Canadian International Development Agency, and the United States Agency for International Development. During 1999-2000, he was an Associate Fellow of the Environmental Change Institute at the University of Oxford, where he offered a graduate course, “The Financial Services Sector and Environmental Change.” His most recent books include North, South and the Environmental Crisis, Urban Environmental Management (Wiley), and Building the Ecological City.